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GBPUSD stalls at key targets
The GBPUSD took the ball and ran. Fundamentally, industrial production surprised to the upside, but that came later. Technically, the price action supported a move higher with the pair moving outside the box that has confined the pair over the last 7-8 trading days. The pair based against the "remembered area" at the 1.52386--43 level and that was a bullish clue. The move higher had the 1.5288 level (high from Sept 24) and then the key 200 day/38.2% retracement as the key targets at the 1.5317-19 level (this level was outlined in my video from Monday - CLICK HERE) . The 38.2% is 1.5317. The 200 day MA is at 1.53187. ... (full story)